| BISSETT, MB--(Marketwire - November 23, 2009) - | | | | to the solid and unique geological thinking that our |
| Dale Ginn, CEO of San Gold Corporation | | | | exploration team has undertaken as well as a credit |
| (TSX-V: SGR), is pleased to report that a new high | | | | to the time tested success that drilling near past and |
| grade gold occurrence christened the 007 Zone has | | | | producing mines brings." |
| been discovered by surface diamond drilling and is | | | | Assays are pending from intersections of the same |
| located approximately 600 meters to the southeast | | | | zone in four holes: CD-09-002, 003, 004 and 005. Hole |
| of the Hinge Mine. Drill hole #CD-09-007 encountered | | | | #006 has not yet been logged while hole #008 was |
| 1787.7 g/tonne (52.20 oz/ton) over 2.1 meters (6.9 | | | | shut down early due to hole deviation from the |
| ft) at 200 meters (660 feet) below surface in a | | | | intended target. This zone remains open along strike |
| continuous quartz-carbonate vein containing abundant | | | | to the north-east and to the south-west as well as |
| visible gold throughout. Results from this hole are | | | | at depth and to surface. The 007 zone dips steeply |
| summarized below but due to the extremely high | | | | to the north-northwest and is made up of quartz and |
| grade nature of this intersection, an accompanying | | | | carbonate veins containing gold and pyrite |
| table is also provided in order to present each | | | | mineralization. The dominant deposit control appears |
| individual assay interval within the geologically defined | | | | to be structural as with the previous three deposits |
| mineralized boundaries. The first hole drilled in this | | | | (Hinge, Cohiba and L13); however the lithology is |
| area -- CD-09-001 is also reported below and is | | | | slightly different in that this deposit occurs at or near |
| located above and to the east of hole #CD-09-007. | | | | an intermediate-mafic contact. Strong chloritic |
| The locations of the above intersections and of the | | | | alteration of the mafic unit is observed at the |
| remaining holes with pending assay data are displayed | | | | footwall contact immediately below the mineralized |
| in the longitudinal section provided within the graphical | | | | veining, the strike length of this contact is currently |
| version of this press release. | | | | unknown. A second diamond drill has been moved |
| Hole # From To Length Gold g/tonne Zone (oz/ton) | | | | from the Cohiba area in order to assist in grid drilling |
| --------- ------- ------- ------------- -------------- ----- | | | | this zone. The 007 zone is located approximately 2 |
| CD-09-007 290.3 m 292.4 m 2.1 m (6.9 ft) 1787.7 | | | | kms to the north-east of San Gold's operating Rice |
| (52.20) 007 CD-09-001 294.0 m 295.6 m 1.6 m (5.3 ft) | | | | Lake mine and mill, is fully accessible by road and is |
| 2.4 (0.07) 007 Distribution of grade within CD-09-007: | | | | potentially accessible from the Hinge Mine decline. |
| From To Length Gold g/tonne (oz/ton) Rock Type | | | | Please see the San Gold website ( for photos of this |
| Assay -------- -------- ------ ----------------------- | | | | high grade intersection, location maps, cross and |
| ---------------- 290.30 m 290.84 m 0.54 m 0.3 (0.01) Qtz | | | | longitudinal sections. |
| Vein, Py 290.84 m 291.36 m 0.52 m 1691.4 (49.39) | | | | This program was carried out under the supervision |
| Qtz Vein, Py, VG 291.36 m 291.79 m 0.43 m 6465.4 | | | | of W.S. Ferreira, P.Geo., the Qualified Person for this |
| (188.79) Qtz Vein, Py, VG 291.79 m 292.40 m 0.61 m | | | | project under National Instrument 43-101. The drill |
| 200.7 (5.86) Qtz Vein, Py, VG | | | | core was split, with half sent to TSL Laboratories in |
| Dale Ginn, CEO of San Gold stated: "Our exploration | | | | Saskatoon, SK and fire assayed with an AA and |
| team led by Bill Ferreira has made its fourth high | | | | gravimetric finish. Whole metallic assays were |
| grade discovery near surface in close proximity to | | | | performed on samples containing visible gold. Check |
| our mill in the past 18 months and its third discovery | | | | assays were also performed on pulps and rejects by |
| this year. Hole #007 is the highest grade intersection | | | | both TSL and by Accurassay Laboratories of |
| that I can recall in the Rice Lake Belt, rivaling the best | | | | Thunder Bay, ON. The core lengths are actual lengths |
| holes ever drilled in the neighboring Red Lake camp | | | | as drilled and have not been adjusted for the true |
| and certainly eclipses anything we have drilled to date | | | | width of the mineralized zones. |
| in the Hinge zone. This discovery is again testimony | | | | |